GM says no plans to invest more in struggling PSA

Newswire

SHANGHAI, June 19 (Reuters) - General Motors Co
reiterated on Wednesday that it has no immediate plans to invest
further in its struggling European partner PSA Peugeot Citroen
, which is cutting 8,000 jobs and closing a domestic
plant to stay afloat.
"We don't have any intention of investing additional funds
into PSA at this time," Chief Executive Officer Dan Akerson told
a media briefing in Shanghai. "If we see something changes,
we'll evaluate that."
Peugeot ...

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